Small Cap Stock Trading Near 52-Week High Recommends 220% Dividend, Gave 395.95% Return In 3 Yrs

Lakshmi Electrical Control Systems Ltd. in their Board meeting held on Thursday, May 25, 2023, recommended a dividend of Rs 22/share i.e. 220% of the face value of Rs 10 each for the financial year ended 31st March 2023. The recommended dividend is subject to the approval of the shareholders of the company at the forthcoming AGM.

Lakshmi Electrical Control Systems is a Capital Goods sector small-cap stcok. It has a market valuation of Rs. 272.64 crore.

Recommends 220% Dividend

The Board of Directors of Lakshmi Electrical Control Systems Ltd. in an exchange filing said," The Board of Directors at their meeting held on 25" May 2023 inter alia, recommended dividend of Rs. 22.00/- (220%) per equity share of the face value of Rs.10/- each for the financial year ended 31st March 2023 subject to the approval of the shareholders at the ensuing Annual General Meeting. Upon approval of the shareholders dividend amount would be credited by 224 August 2023 to the account of the shareholders who have registered their bank account details with Depositories / the Company. The shareholders who have not registered their bank account details, dividend warrants will be dispatched by 22" August 2023."

Stock Outlook

The last traded share price of Lakshmi Electrical Control Systems on NSE is Rs. 1,109.20 apiece. Share tanked 6.53% as compared to the previous close of Rs. 1,186.65 apiece. The stock's 52 week high is Rs. 1,218 apiece and 52 week low is Rs. 512.25 apiece, respectively.
The stock has fallen 5.7% in 1 week. However, it jumped 11.73% in 1 month and 41.85% in 3 months, respectively. It gave 74.88% positive return in 1 year. In 3 years it gave 395.95% multibagger return. In 5 years, it gave 56.01% positive return.

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